EDWARDSVILLE – A Madison County financial institution filed
suit against one of its customers for an alleged failure to repay a loan
originating in 2012.
Collinsville Bank of Madison County, Illinois, brought a lawsuit on Oct. 3 in Madison County Circuit Court against Marcia Miller,
also of Madison County, claiming default on an April 2012 loan.
the suit, the defendant took out a loan in the amount of $116,370.73 on or
about April 13, 2012. Having provided a copy of the documents to the court, the
plaintiff contends that the defendant defaulted under the terms of the
promissory note by failing to make payments due.
Collinsville Bank asserts that the promissory note has been accelerated, with
the total current balance due being $109,345.89.
maintains that as a result of expenses, the defendant should reimburse the bank
for attorneys’ fees, costs and expenses and estimates attorneys’ fees as the
sum of $660.
Collinsville Bank seeks damages in the exact amount of $110,005.89, including post-judgment
interest and attorney's fees. The plaintiff is represented by Kevin Stine of First
Co Bancorp Inc. in O’Fallon.
Madison County Circuit
Court case number: 16-L-1376